“Sparkling Wine Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025 ” is the latest addition to MarketResearchReports.Biz industry research reports collection.
The main objective of this report is to define, describe, and forecast the global “Sparkling Wine” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Sparkling Wine Market Introduction
Sparkling Wine contains a significant amount of carbon dioxide which gives a bubbly effervescence to it. Sparkling Wine is produced by the double fermentation process due to which the carbon dioxide gas is formed. The first fermentation process usually takes place in the steel tanks, and the second fermentation takes place in the bottle. One of the best known sparkling wine is the Champagne, which is particularly produced in the Champagne region of France. Sparkling wine is mostly used in celebrations, success, luxury, and various other occasions. It can be alcoholic and non-alcoholic in nature and is consumed by all age group.
Sparkling Wine Market Segmentation
The Sparkling Wine Market can be segmented on the basis of source, nature, type of wine, flavors, distribution channel, and region.
By source, the sparkling wine market can be segmented by the types of grapes which include Pinot Noir, Pinot Meunier, Chardonnay, Pinot Blanc, Pinot Gris, Petit Meslier, and Arbane. Among these, the Pinot Noir is the most widely used variety of grape followed by Pinot Meuniera and Chardonnay.
By nature, the sparkling wine market can be segmented as organic sparkling wine and conventional sparkling wine. The difference between them is the method of production. The organic sparkling wine is produced and fermented in bottles directly whereas the conventional sparkling wine is produced and fermented in high pressured tanks as well as in bottles.
By types of wine, the sparkling wine market can be segmented as alcoholic and non-alcoholic sparkling wine. Comparatively, the alcoholic sparkling wine is experiencing a higher demand than the non-alcoholic sparkling wine and thus the alcoholic sparkling wine market is expected to grow significantly over the forecast period.
By flavors, the market is segmented into brut, fruity flavor and others. Fruity flavor segment can further be sub-segmented into apple, nutty, pear, citrus, strawberry, vanilla and cream. The most popular style of sparkling wine today is the Brut. Brut sparkling wine has a dry taste, with very low sugar levels.
By distribution channels sparkling wine market is segmented into modern trade units, specialty stores, and online stores. Supermarkets/hypermarkets are recently anticipated to hold a significant share in the sparkling wine market. Online stores also have contributed remarkably to the growth of sparkling wine market over the forecast period.
By region, sparkling wine market can be segmented into different regions while Europe being the leader with the largest production of sparkling wine. Among the Europe region, Italy holds the first position in the production and export of sparkling wine closely followed by France, Germany, Spain, and Russia. Europe is followed by the production capacity of U.S. with an increased 30% volume over the past years. In terms of consumption, Germany, Russia, and U.S. till now are the biggest sparkling wine consumers while U.K is leading in the value terms.
Sparkling Wine Market Drivers, Trends, and Drivers
According to the recent trends of premiumization, alcohol consumers are preferring sparkling wine instead of any other alcoholic drinks for celebrations and occasions. Following the recent past activities in various regions in the world, it can be concluded that consumption of sparkling wine has become an accompaniment for a number of reasons. In many developed regions such as Europe, Canada, the U.S., alcohol and sparkling wine is a socially accepted part of their daily life. Younger population of the world is influenced by their peer group or peer thinking, which is a factor driving the growth of sparkling wine market. Changing lifestyles, the influence of social media and Internet, increasing social parties, adolescents with high social network influence, greater family incomes, and others have easier access to alcoholic and non-alcoholic drinks, which is also driving demand for sparkling wine. Moreover, globally, the gender gap in terms of alcohol consumption is closing as there is increasing acceptance of female drinking in the societal norms. Because of all these factors, people are attracted towards alcohol, which is driving the growth of the sparkling wine market and this is expected to continue over the forecast period.
In spite of the growing trends of alcohol consumption and product premiumization, the high cost of various sparkling wine inhibits alcohol consumers to buy it which in result restraining the sparkling wine market to grow.
Sparkling Wine Market Key Players
The rise of demand for the Sparkling Wine in the various region is attracting key players to produce and sell sparkling wine in the market. Some the key players are ILLINOIS SPARKLING CO., The Sparkling Wine Co., Moët Hennessy USA, LANSON-BCC, Pernod Ricard, CALIFORNIA CHAMPAGNES, English Wine Producers, The Oxford Wine Company Limited, and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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